Alibaba launches Wan3.0 AI video model after $10 billion share sale
Alibaba launched its Wan3.0 AI video model on Monday, capable of generating 30-second videos from various documents. This release follows a $10 billion share sale, the largest primary follow-on offering by a Hong Kong-listed company, aimed at boosting AI investments. The model has already been utilized in multiple sectors since its public beta on August 6.